Calif. county awards pension system deal to Tier Technologies

By William Welsh

Dec 02, 2005

A new Web-based, open architecture pension administration system from Tier Technologies Inc. is expected to provide Contra Costa County, Calif., with lower administrative costs and better program effectiveness.

Under a contract valued at $2.6 million over 26 months, Tier of Reston, Va., will install the new pension administration system for the Contra Costa County Employees Retirement Association.

Tier will replace the association's legacy pension systems with TierPAS, a proprietary pension administration solution. Once implemented, the new system will provide a full range of services from membership enrollment and benefits transfer to retirement processing and payroll functions.

The Contra Costa County Employees Retirement Association is a defined-benefits retirement system that provides service retirement, disability and death and survivor benefits for the county's employees and 16 other participating agencies. It manages about $4 billion worth of assets for 9,500 active members, 6,000 retirees and 1,300 inactive members.

William Welsh is the deputy editor of Government Computer News' sister publication,Washington Technology.

About the Author

William Welsh is a freelance writer covering IT and defense technology.